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Understanding cost plus pricing
Have you heard of cost plus pricing? Furthermore, do you know how to price your services and products? It can be tricky, especially when you're new to the game. One pricing method that can help is cost-plus pricing. In this post, we'll take a look at what cost-plus...
The benefits of financial planning in business
The benefits of financial planning in business are many, but I would say that, wouldn't I. If you're like most small business owners, you probably don't think of financial planning as one of your top priorities. But did you know that financial planning is one of the...
Five reasons to ignore your numbers
It may seem bonkers, but I am going to give you Five reasons to ignore your numbers. It’s only fair that I balance things to give you Five reasons to take note of your numbers Here are Five reasons why you should ignore your numbers: Firstly, if you prefer to have no...
Understanding assets and liabilities
One of the most important aspects of a business is understanding its business assets and liabilities. Assets are what a company owns and can use to generate income, while liabilities are amounts the company owes to others. In order for your business to be successful,...
Understanding gross profit
Business owners, Understanding gross profit should be on your list of need to know . Gross profit is one of the most important financial measures, this video will Firstly, explain what it is Secondly, tell you how to calculate it Thirdly, contrast mark up and margin...
Understanding operating profit
Understanding operating profits helps you make better and informed business decisions. If you are serious about business, then it's important to understand key financial concepts like operating profit. Small businesses, arts organisations and social enterprises can...